Katahdin Bankshares Corp. Reports Third Quarter Results
Katahdin Bankshares Corp. (OTCQX: KTHN) reported third-quarter earnings of $2.66 million, or $0.81 per share. For the first nine months, net income reached $7.53 million, a 22.1% increase from 2020. Total assets as of September 30, 2021, stood at $945.5 million. CEO Jon J. Prescott highlighted strong asset quality and the bank's recognition as one of the Best Places to Work in Maine for the fourth consecutive year. The bank, serving northern Maine and surrounding regions, continues to demonstrate solid financial performance.
- Third-quarter earnings: $2.66 million, $0.81 per share.
- Net income for the first nine months: $7.53 million, up 22.1% from 2020.
- Total assets: $945.5 million as of September 30, 2021.
- Recognized as one of the Best Places to Work in Maine for four consecutive years.
- None.
HOULTON, Maine, Oct. 20, 2021 /PRNewswire/ -- Katahdin Bankshares Corp. (OTCQX: KTHN), parent company of Katahdin Trust Company, a community bank founded in 1918 serving northern Maine and the greater Bangor and Portland regions, has announced third-quarter earnings of
Net income for the first nine months reached
"Our financial results have remained solid, and our strong asset quality continues," said Jon J. Prescott, Katahdin Trust President and CEO. "In addition, I am pleased to share that we were recently named as one of the 2021 Best Places to Work in Maine. This marks the fourth consecutive year we have received this recognition."
For more information and to view a copy of our most recent quarterly financial report, visit KatahdinTrust.com/Shareholder-Relations.
Katahdin Bankshares Corp. is the bank holding company of Katahdin Trust Company. Founded in 1918, Katahdin Trust is a community bank based in Houlton, Maine with more than
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SOURCE Katahdin Bankshares Corp.
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